FINEST SEAFOOD: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
FINEST SEAFOOD
Largest movements
- Receivables within one year -€140,903
down €140,903 (-18.0%), from €784,607 to €643,704
of which Trade receivables: -€91,946
- Cash -€55,993
down €55,993 (-70.2%), from €79,796 to €23,803
mainly Net result for the year (-€93,103) and Debts after one year (-€89,406)
- Tangible fixed assets -€46,360
down €46,360 (-18.1%), from €256,678 to €210,318
- Profit (loss) carried forward -€93,103
down €93,103 (-377%), from -€24,664 to -€117,767
- Debts after one year -€89,406
down €89,406 (-39.4%), from €226,999 to €137,593
- Tax, wage and social debts -€48,908
down €48,908 (-48.3%), from €101,336 to €52,428
of which Remuneration and social security: -€51,090
- Current portion of long-term debt -€14,899
down €14,899 (-14.1%), from €105,950 to €91,051
- Gross operating margin -€208,547
down €208,547 (-44.1%), from €472,453 to €263,906
- Staff costs -€76,340
down €76,340 (-22.1%), from €346,069 to €269,729
- Other operating charges -€23,790
down €23,790 (-59.0%), from €40,353 to €16,563
- Financial charges -€22,908
down €22,908 (-54.6%), from €41,920 to €19,012
- Write-downs +€10,009
up €10,009, from -€10,009 to €0
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,194,858 | €955,051 | -€239,807 | -20.1% |
| Fixed assets | 21/28 | €272,780 | €223,857 | -€48,923 | -17.9% |
| Intangible fixed assets | 21 | €13,494 | €10,930 | -€2,564 | -19.0% |
| Tangible fixed assets | 22/27 | €256,678 | €210,318 | -€46,360 | -18.1% |
| Land and buildings | 22 | €144,177 | €124,118 | -€20,059 | -13.9% |
| Plant, machinery and equipment | 23 | €71,048 | €62,851 | -€8,197 | -11.5% |
| Furniture and vehicles | 24 | €35,690 | €23,349 | -€12,341 | -34.6% |
| Leasing and similar rights | 25 | €5,763 | €0 | -€5,763 | -100% |
| Financial fixed assets | 28 | €2,608 | €2,608 | = | 0.0% |
| Current assets | 29/58 | €922,077 | €731,194 | -€190,883 | -20.7% |
| Stocks and contracts in progress | 3 | €51,924 | €56,857 | +€4,933 | +9.5% |
| Stocks | 30/36 | €51,924 | €56,857 | +€4,933 | +9.5% |
| Amounts receivable within one year | 40/41 | €784,607 | €643,704 | -€140,903 | -18.0% |
| Trade receivables | 40 | €629,233 | €537,287 | -€91,946 | -14.6% |
| Other amounts receivable | 41 | €155,375 | €106,418 | -€48,957 | -31.5% |
| Cash at bank and in hand | 54/58 | €79,796 | €23,803 | -€55,993 | -70.2% |
| Deferred charges and accrued income | 490/1 | €5,750 | €6,829 | +€1,079 | +18.8% |
| Total equity and liabilities | 10/49 | €1,194,858 | €955,051 | -€239,807 | -20.1% |
| Equity | 10/15 | €33,151 | -€59,951 | -€93,103 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Revaluation surpluses | 12 | €33,018 | €33,018 | = | 0.0% |
| Reserves | 13 | €6,197 | €6,197 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,197 | €6,197 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€24,664 | -€117,767 | -€93,103 | -377% |
| Amounts payable | 17/49 | €1,161,707 | €1,015,003 | -€146,704 | -12.6% |
| Amounts payable after more than one year | 17 | €226,999 | €137,593 | -€89,406 | -39.4% |
| Financial debts | 170/4 | €226,999 | €137,593 | -€89,406 | -39.4% |
| Amounts payable within one year | 42/48 | €932,502 | €872,677 | -€59,825 | -6.4% |
| Current portion of amounts payable after more than one year | 42 | €105,950 | €91,051 | -€14,899 | -14.1% |
| Financial debts | 43 | €175,000 | €175,000 | = | 0.0% |
| Credit institutions | 430/8 | €175,000 | €175,000 | = | 0.0% |
| Trade debts | 44 | €550,216 | €554,199 | +€3,983 | +0.7% |
| Suppliers | 440/4 | €550,216 | €554,199 | +€3,983 | +0.7% |
| Taxes, remuneration and social security | 45 | €101,336 | €52,428 | -€48,908 | -48.3% |
| Taxes | 450/3 | €8,842 | €11,024 | +€2,182 | +24.7% |
| Remuneration and social security | 454/9 | €92,494 | €41,404 | -€51,090 | -55.2% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €2,206 | €4,733 | +€2,526 | +115% |
| Remuneration, social security and pensions | 62 | €346,069 | €269,729 | -€76,340 | -22.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €57,990 | €55,116 | -€2,875 | -5.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€10,009 | €0 | +€10,009 | |
| Other operating charges | 640/8 | €40,353 | €16,563 | -€23,790 | -59.0% |
| Gross operating margin | 9900 | €472,453 | €263,906 | -€208,547 | -44.1% |
| Operating profit (loss) | 9901 | €38,050 | -€77,502 | -€115,552 | |
| Financial income | 75/76B | €8,392 | €3,461 | -€4,930 | -58.8% |
| Recurring financial income | 75 | €8,392 | €3,461 | -€4,930 | -58.8% |
| Financial charges | 65/66B | €41,920 | €19,012 | -€22,908 | -54.6% |
| Recurring financial charges | 65 | €41,920 | €19,012 | -€22,908 | -54.6% |
| Profit (loss) for the period before taxes | 9903 | €4,522 | -€93,052 | -€97,574 | |
| Income taxes | 67/77 | €5 | €51 | +€46 | +959% |
| Profit (loss) for the period | 9904 | €4,517 | -€93,103 | -€97,620 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,517 | -€93,103 | -€97,620 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.